Notice

Category B project supported: Camama-Viana Road, Angola

Published 9 February 2026

1. PROJECT DESCRIPTION

UK Export Finance (UKEF) has agreed to provide support to the Ministry of Finance Angola in respect of the supply of goods and services by Manuel Couto Alves (MCA) Group to the Angolan National Roads Institute for the upgrading of the Camama-Viana Road.

A key aim of the Project is to to accommodate future increases in traffic volumes between the neighbourhoods of Camama and Viana in the capital city of Luanda. It also aims to improve safety for road users and to prevent flooding.

The Project comprises the rehabilitation and widening from single to dual-carriage of a 6.8km stretch of road. The upgrade will include safety features such as pavements, pedestrian crossings, footbridges, street lighting, and dedicated bus stops. It will also include macro and micro drainage works for improved stormwater management.

The Project does not include any Associated Facilities[1].

Standard Chartered Bank (SCB) is the lending bank.

2. PROJECT SECTOR

The Project is in the civil construction sector.

3. PROJECT SPONSORS

The Project is being developed by the Angolan National Roads Institute (INEA).

4. UK EXPORTERS

MCA Group.

5. EXPORT CREDIT AGENT BANK

Standard Chartered Bank.

6. AMOUNT OF UK EXPORT FINANCE SUPPORT

The maximum liability of the support is approximately £75.5 million.

7. OECD COMMON APPROACHES AND EQUATOR PRINCIPLES

UKEF categorised the Project as Category B i.e. having environmental, social and human rights (ESHR) impacts that are few in number, site-specific, few (if any) of which are irreversible, and for which mitigation measures are more readily available in accordance with the definition in the Organisation for Economic Co-Operation and Development (OECD) Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (“Common Approaches”), OECD/LEGAL/0393 and the Equator Principles (2020).

8. ENVIRONMENTAL, SOCIAL AND HUMAN RIGHTS STANDARDS

Project related ESHR documentation was reviewed for their alignment against the 2012 International Finance Corporation (IFC) Performance Standards (PS) on Environmental and Social Sustainability and the World Bank Group Environmental, Health and Safety (EHS) Guidelines.

The applicable IFC PS were:

• PS1: Assessment and Management of Environmental and Social Risks and Impacts
• PS2: Labour and Working Conditions
• PS3: Resource Efficiency and Pollution Prevention
• PS4: Community Health, Safety and Security
• PS5: Land Acquisition and Involuntary Resettlement
• PS6: Biodiversity Conservation and Sustainable Management of Living Natural Resources
• PS8: Cultural Heritage

The applicable World Bank Group EHS Guidelines were:

• General EHS Guidelines (2007)
• EHS Guidelines for Tolls Roads (2007)

9. NATURE OF ESHR IMPACTS

The review of potential ESHR risks and impacts took into account the following impacts, receptors and issues during the construction and operational phases of the Project:

• working conditions and health and safety
• emissions to the atmosphere (including noise, air, and greenhouse gas (GHG))
• storm water management
• waste management
• emergency planning and response
• temporary economic displacement and
• traffic management

10. ASSESSMENT OF ESHR IMPACTS

A review was undertaken in line with the requirements of the OECD Common Approaches and Equator Principles to identify potential ESHR risks and impacts of the Project and how these would be effectively managed.

The review included:

• Desk-based review of Project-related documentation: Environmental and Social Impact Assessment, Environmental and Social Management Plans, and Stakeholder Engagement Plan; and
• Follow-up meetings and interviews with relevant Project representatives

The results of this review formed the basis for the evaluation of the Project’s alignment with relevant international standards, and recommendations for future compliance and monitoring.

Taking account of the review, the Project was deemed to have potential to cause a number of adverse environmental and social impacts during construction and operation. However, a proposed suite of controls as part of the Project’s environmental and social management systems should facilitate the management of these impacts.

11. CLIMATE CHANGE CONSIDERATIONS

UKEF considered the Project’s potential direct and indirect GHG emissions, as well as the effects of climate change factors on the Project, as part of its ESHR review.

The Project is not considered to be a carbon intensive undertaking (such as fossil fuels or petrochemical) and so “high” Scope 1 and 2 GHG emissions in excess of relevant thresholds for quantification and reporting set by international standards were reasonably not envisaged.

The review revealed that the Project design has considered potential physical impacts of climate change, such as changes to rainfall and weather patterns.

12. DECISION

Various actions have been agreed between the Project developer, operator, and parties involved in the financing, which are necessary to ensure the Project’s on-going alignment with international standards. Following agreement of these commitments, it was concluded that the Project should meet the relevant international standards over the Project cycle. UKEF has therefore decided to provide its support in respect of the supply of goods and services by UK exporters to the Project.

A condition of support is that the Project will be subject to monitoring and reporting in order to provide satisfaction that it is aligned with the relevant international standards throughout the duration of support.

UK Export Finance

January 2026

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[1] OECD Common Approaches defines “Associated Facilities” as: those facilities that are not a component of the project, but that would not be constructed or expanded if the project did not exist and on whose existence the viability of the project depends; such facilities may be funded, owned, managed, constructed and operated by the buyer and/or project sponsor or separately from the project.